Corporate Social Responsibility Strategies of Spanish Listed Firms and Controlling Shareholders’ Representatives
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONMetadata
Title
Corporate Social Responsibility Strategies of Spanish Listed Firms and Controlling Shareholders’ RepresentativesDate
2018Publisher
SAGE PublicationsISSN
1086-0266; 1552-7417Bibliographic citation
PUCHETA-MARTÍNEZ, María Consuelo; LÓPEZ-ZAMORA, Blanca. Corporate social responsibility strategies of Spanish listed firms and controlling shareholders’ representatives. Organization & Environment, 2018, vol. 31, no 4, p. 339-359.Type
info:eu-repo/semantics/articlePublisher version
https://journals.sagepub.com/doi/abs/10.1177/1086026617722147Version
info:eu-repo/semantics/submittedVersionSubject
Abstract
This article aims at analyzing how controlling shareholders’ representatives on boards affect
corporate social responsibility (CSR) strategies (disclosing CSR matters) in Spain, a context
characterized by high ... [+]
This article aims at analyzing how controlling shareholders’ representatives on boards affect
corporate social responsibility (CSR) strategies (disclosing CSR matters) in Spain, a context
characterized by high ownership concentration, one-tier boards, little board independence, weak
legal protection for investors, and the presence of large shareholders, especially institutional
shareholders. Furthermore, among controlling shareholders’ representatives, we can distinguish
between those appointed by insurance companies and banks and those appointed by mutual funds,
investment funds, and pension funds. The effect of these categories of directors on CSR strategies
is, therefore, also analyzed. Our findings suggest that controlling shareholders’ representatives
have a positive effect on CSR strategies, as do directors appointed by investment funds, pension
funds, and mutual funds, while directors appointed by banks and insurance companies have no
impact on CSR strategies. This analysis offers new insights into the role played by certain types
of directors on CSR strategies. [-]
Is part of
Organization & Environment 2018, Vol. 31(4)Rights
© The Author(s) 2017
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DOI: 10.1177/1086026617722147
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